REI Lense

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$1,905 (target)

4209 Chickory Ln, Lansing, MI 48910

3 beds • 2 baths • 1847 sqft

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This property looks like a bad Long-Term investment with a projected -6.24% first-year return on $45,402 initial cash invested.

-6.24%

Cash On Cash

5.62%

Cap Rate

0.88

DSCR

$1,905

Rent

-$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,905 income − $2,141 expenses = $236 out of pocket

Income$1,905Out of Pocket$236Mortgage P&I$1,15361%Property Taxes$41722%Insurance$774%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,402

Downpayment

20%

$43,240

Closing costs

1%

$2,162

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,905

Total Expenses

$2,141

Mortgage P&I

61%

$1,153

Property Taxes

22%

$417

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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